Blockchain
Everscale Hosts Biggest Blockchain Conference in Bali, Drawing Crypto Leaders from over 15 Countries
Jakarta, Indonesia–(Newsfile Corp. – May 21, 2022) – Organised by Everscale, the Renaissance Bali Uluwatu was the stage for
The Future of Blockchain in India and Indonesia Panel
Moderator on the left and speakers in order: Andry Suhaili (CEO of x0swap.com), Aditya Uozumi (Founder of masamune.io), Fadzli Shah Bin Anuar (Founder of MX Global), Irvan Tisnabudi (Founder of coinstore.com), Henri Morgan Napitupulu (Founder of IndoCoin Nusantara trust Ltd)
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From a regulatory perspective, there are two different factors at play: regulations for digital asset creation and regulations for the trading of digital assets. For digital asset producers the regulatory landscape is still relatively undeveloped; whoever has the resources and desire to do so can create their own assets. What has helped is the willingness that the government has shown to cooperate with projects like this, offering Ministry of Trade and Finance registrations and OJK licenses.
For crypto exchanges facilitating digital asset trading, regulations are already quite advanced. In order to operate within the country, crypto exchanges have to get all the proper licenses and permissions from ministries and local authorities.
Regulatory development in Indonesia is helping to make investing in digital assets safer and easier. And it is also turning the country into an enticing environment for new projects. It is perfectly reasonable to see blockchain technology becoming more than just a financial instrument and driver of the gaming industry, and getting integrated into real estate and land management, agriculture, transportation, ecommerce and a host of other sectors.
Speakers at the conference also tackled another big issue facing the whole industry, namely the ecological complications of Bitcoin and how blockchain technology can be aligned with ESG principles (ecological, social, corporate governance principles). There was a consensus among speakers that new technological developments in the space have been aimed at creating sustainable and fast solutions, as well as building bridges between blockchains which will create a more integrated ecosystem compared to the existing one.
A special panel discussion was devoted to DAOs – Decentralized Autonomous Organizations and called “DAO Funds: the Future of Interoperability.” The DAO is a very new concept that is capable of being introduced to certain blockchains like Ethereum, Solana, Everscale and Polygon. DAOs allow communities to make decisions in a transparent and decentralized fashion.
DAO Funds: the Future of Interoperability Panel
Moderator on the left and speakers in order: Vasily Smekalov (Managing partner at Ever Fund), Victor Lee (Core team member of Huobi Ventures), Egor Gavrilov (CTO of XDAO), Kristina Lucrezia Corner (Editor-in-Chief at CoinTelegraph) , Fong Jek Gan (Founder of Millennia Ventures)
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Editor-in-Chief at Cointelegraph, Kristina Lucrezia Corner opined, “The DAO structure is still being shaped; there are many challenges but a future is opening for us in which DAO-based ecosystems place communities at the center of all organizational and life processes.”
According to Vasiliy Smekalov, of ever.fund GP, “DAOs already allow participants to transparently collaborate and distribute money for certain goals. In the future, this kind of system can possibly help governments to eliminate corruption at all levels.”
Crucial changes have occurred in global finance over the last two years, including the issuing of digital coins by some of the world’s largest central banks. For the first time in Bali, experts from Europe and Asia met in person during the EVERPOINT conference to discuss this issue. There was a panel discussion devoted to the topic, where experts debated whether there would be more CBDCs, their influence on the global economy and how they will compete with stablecoins.
Here are some of the thoughts shared at the conference:
Dave Pulis, ZBX exchange: “By now 3 central banks have officially launched digital currencies: the Bahamas, the Caribbean and Nigeria, – but this year Great Britain also announced that it is considering the creation of their own Britcoin. Were this to happen it could have a further domino effect and give governments more leverage to control money flows.”
Alexey Antonov, investment director of Algalon Capital: “It looks like CBDC has 2 sides as it serves both the government in its pursuit of its own goals and the people by increasing access to funds. These kinds of systems can help to prevent corruption, but they will also definitely decrease the role of traditional banking because CBDC provides a direct link between people and central banks”.
Leaders of the crypto industry from more than 20 countries come to Bali to discuss industry trends and challenges and the specific opportunities presented by the launch of the Everscale blockchain in Asia. For Indonesia, the launch means that the country will officially have an ecosystem in which crypto projects can launch using the most modern and fastest blockchain technology.
About Everscale
Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer paired with a distributed operating system. Everscale is based on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.
Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via the Soft Majority Voting protocol.
Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains.
The network’s incomparable scalability has been achieved thanks to its dynamic sharding mechanism which enables it to process millions of transactions per second and charge infinitesimal transaction fees. This sharding mechanism gives the network its unique ability to adapt itself to any load size, which in turn, allows it to process millions of transactions instantaneously and at near-zero fees.
Built to be able to handle a massive amount of users, in the two years since Everscale launched it has made significant progress towards its goal of offering users a completely decentralized, safe and limitlessly scalable DeFi experience.
The Everscale network has built up an inclusive and diverse ecosystem around itself, with a native DEX names as FlatQube, which will soon feature its own order book and where users can make exchanges between different kinds of digital assets and engage in yield farming and staking mechanisms with high APR rates; a native digital asset wallet; a cross-chain bridge platform named as Octus Bridge that allows users to send liquidity between other networks and Everscale; a DAO-controlled launchpad named as EverStart and an NFT marketplace. Of these Everscale platforms, Octus Bridge and the FlatQube DEX have been enjoying remarkable growth of late, with the latter experiencing a doubling of its TVL over the past month, to where it now numbers well over $80 million.
Media Contact: Raghav Sawhney
Comapny: Everscale
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124921
Blockchain
From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments
TransFi
The blockchain universe never sleeps. From pioneering cross-border payment systems in Central America to city-wide crypto strategies in New York City, today’s headlines reveal an industry maturing at breakneck speed. In this edition of Blocks & Headlines, we explore five landmark developments:
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Guatemala’s Banco Industrial integrates blockchain for seamless cross-border remittances.
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NYC Mayor’s Office unveils a comprehensive crypto and blockchain roadmap.
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OSR Holdings, BCM Europe & Taekwondo Cooperative sign an MOU to launch the OSRH token.
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Bybit’s “Chicken Trader” livestream—crypto meets poultry in the world’s first poultry-powered trading showdown.
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FIFA taps Avalanche to build a dedicated blockchain for its NFT platform.
These stories underscore three key trends reshaping the ecosystem:
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Institutional Adoption & Regulation: From national banks to municipal governments, legacy institutions are embracing decentralized technologies.
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Tokenization & Community Engagement: Strategic partnerships are launching specialized tokens that bridge niche communities with global markets.
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Innovative Use Cases: Whether gaming, entertainment, or live-stream events, blockchain’s versatility spawns ever-more creative applications.
Join us as we unpack the implications, weigh the opportunities, and forecast where these trajectories might lead.
1. Guatemala’s Largest Bank Integrates Blockchain for Cross-Border Payments
What Happened
Guatemala’s Banco Industrial, the country’s biggest financial institution, announced the deployment of a private‐permissioned blockchain network to streamline remittances from the U.S. into Guatemala City and beyond. The solution reduces settlement times from days to minutes, cuts fees by up to 60 %, and offers real-time traceability for senders and receivers.
Source: Cointelegraph
Analysis & Commentary
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Financial Inclusion Boost: Remittances account for over 12 % of Guatemala’s GDP. By minimizing friction and cost, blockchain integration will extend financial services to remote communities reliant on diaspora funds.
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Risk & Compliance: Permissioned networks allow Banco Industrial to retain AML/KYC controls, mitigating concerns around illicit flows. This hybrid approach demonstrates that enterprise blockchain can balance decentralization with regulatory rigor.
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Regional Ripple Effects: Neighboring Central American banks are watching closely. Should Guatemala’s pilot succeed, we can expect a domino effect across El Salvador, Honduras, and Costa Rica—each seeking to capitalize on faster, cheaper cross-border rails.
Implications
Legacy banks worldwide should view this as a blueprint: private blockchains can coexist with existing compliance frameworks while delivering transformative user benefits. Early movers will capture remittance market share and cultivate fintech partnerships across the Latin American corridor.
2. NYC Mayor Unveils Ambitious Crypto & Blockchain Agenda
What Happened
New York City Mayor Eric Adams detailed his administration’s multi-pronged strategy to make NYC a global crypto hub. Key initiatives include:
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A regulatory sandbox for crypto startups to pilot DeFi, NFTs, and token-based fundraising under city supervision.
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Partnerships with CUNY and Columbia University for blockchain research and talent development.
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Deployment of a blockchain-based public record system for land titles and business registrations.
Source: GovTech
Analysis & Commentary
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Regulatory Harmony vs. Overreach: By offering a controlled sandbox rather than blanket deregulation, NYC signals a nuanced stance—encouraging innovation without sacrificing consumer protection.
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Talent Pipeline: Academic partnerships aim to remedy the talent shortage plaguing blockchain firms. Local graduates trained in distributed ledger technologies (DLT) will feed startups, financial institutions, and government agencies.
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Public Services on Chain: Land registries and business filings on blockchain promise greater transparency and fraud reduction. If scaled effectively, NYC could set a global standard for government-blockchain integration.
Implications
Other major cities—London, Singapore, Dubai—will feel pressure to match NYC’s playbook. Municipal leaders should prioritize sandbox frameworks and academia-industry liaisons to nurture homegrown crypto ecosystems.
3. OSR Holdings, BCM Europe & Taekwondo Cooperative Launch OSRH Token
What Happened
OSR Holdings, BCM Europe, and the Taekwondo Cooperative signed a strategic Memorandum of Understanding to co-develop the OSRH token, a blockchain-based digital asset aimed at supporting global Taekwondo practitioners. Features include:
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Membership Rewards: Tokens earned through event participation, coaching certifications, and tournament wins.
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Decentralized Governance: Athletes vote on sponsorship allocations and rule-change proposals via on-chain ballots.
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Marketplace Integration: A dedicated NFT marketplace for Taekwondo memorabilia, from digital belts to highlight reels.
Source: PR Newswire
Analysis & Commentary
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Niche Tokenization: OSRH token exemplifies the power of community-focused tokens. By aligning incentives with passion points—training, competition, governance—stakeholders gain ownership and engagement.
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Governance Innovation: Athlete-driven decision-making on sponsorship and funding disrupts top-down federation models. This could democratize sports governance across disciplines.
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Commercial Ecosystem: The NFT marketplace offers monetization channels for athletes and federations alike. Strategic royalties on secondary sales ensure sustainable funding.
Implications
Other sports federations and niche communities should explore token models that blend rewards, governance, and commerce. Successful launches will hinge on clear utility, user education, and regulatory compliance in key jurisdictions.
4. Bybit Presents “Chicken Trader”: The World’s First Poultry-Powered Trading Showdown
What Happened
Cryptocurrency exchange Bybit debuted “Chicken Trader,” a live-streamed event where two contestants trade crypto pairs—and manage live chickens—to earn “Egg Points.” Viewers can stake on their favorite trader, earning NFTs and token rewards based on performance.
Source: PR Newswire
Analysis & Commentary
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Gamification Meets DeFi: Chicken Trader’s fusion of live-stream engagement, staking mechanics, and NFTs exemplifies Web3’s playful ethos—turning trading into interactive entertainment.
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User Acquisition Strategy: Bybit gamified acquisition funnels, leveraging viral social content to onboard nontraditional crypto audiences intrigued by the novelty factor.
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Regulatory Tightrope: Combining staking with competition and livestock raises jurisdictional questions around gambling, securities, and animal welfare. Bybit must navigate diverse regulations to scale globally.
Implications
Other exchanges will replicate gamified formats to differentiate UX and grow communities. Yet long-term viability demands balancing flashy live-events with rigorous compliance, sustainable tokenomics, and authentic value for participants.
5. FIFA Taps Avalanche to Power Its NFT Platform
What Happened
Global soccer body FIFA selected the Avalanche blockchain to launch its official NFT marketplace, featuring digital collectibles—from World Cup highlights to player-card packs. Avalanche’s high throughput and low fees were cited as decisive factors.
Source: TradingView (via Cointelegraph)
Analysis & Commentary
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Scalability & Sustainability: Avalanche’s consensus mechanism delivers sub-second finality and carbon-offset commitments, aligning with FIFA’s environmental pledges.
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Fan Engagement: Tokenized highlights and limited-edition digital memorabilia expand revenue streams beyond broadcast rights, offering fans verifiable ownership and collectible provenance.
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Interoperability: Avalanche’s growing DeFi ecosystem enables future integrations—staking fan tokens, launching prediction-market games, or embedding NFT rewards in FIFA’s mobile apps.
Implications
Major sports leagues and entertainment brands eyeing NFT forays will scrutinize Avalanche’s performance under FIFA’s global load. Blockchain platforms must prove they can handle spikes during marquee events—kickoff times, finals, transfer windows—while preserving UX and sustainability goals.
Conclusion
Today’s Blocks & Headlines illustrate blockchain’s multifaceted evolution:
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Legacy institutions like banks and city governments are unlocking new efficiencies and transparency through private and public DLT networks.
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Community-driven tokens are redefining governance and monetization in sports and niche domains.
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Innovative engagement—from poultry-fueled trading spectacles to global soccer NFTs—demonstrates blockchain’s capacity for gamification, fan loyalty, and novel revenue models.
Yet with opportunity comes responsibility: scalable architectures must coexist with robust compliance; token economies require thoughtful design to sustain value; and regulators, academia, and industry must collaborate to craft frameworks that balance innovation with consumer protection.
As blockchain weaves deeper into finance, governance, entertainment, and sports, stakeholders who embrace strategic partnerships, prioritize user education, and invest in resilient infrastructures will lead the charge into Web3’s next frontier.
The post Blocks & Headlines: Today in Blockchain – May 22, 2025 appeared first on News, Events, Advertising Options.
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